banner_ad

Tax audit clause 44ab(d) or (e)

This query is : Resolved 
Profile Image

Profile Image

(Querist)
07 February 2018 My proprietorship business turnover in FY 2016-17 is Rs. 90 lacs and profit is Rs 4.5 Lacs (5%). Is tax audit applicable? if yes please clear the clause under which it is applicable with reasons. Thanks in advance.
Profile Image

Bhaskaran Chackrapani Warrier

Profile Image

Bhaskaran Chackrapani Warrier (Expert)
08 February 2018 1. 44AB( d) if for profession.

2. 44AB(e) is for business. This section applies in a case wherein section 44AD(4)
applies.
That is in FY 2015-16, if you have opted 44AD and not opted in FY 2016-17 ,then
44AD(4) applies ,meaning thereby tax audit is applicable per section 44AD(e).
Profile Image

Salil

Profile Image

Salil (Querist)
08 February 2018 Little confusions!
1. I believe that 44AD(4) will apply from FY 2016-17 onwards only. It will not matter if, i have filed ITR for FY 2015-16 under 44AD or not?
2. What will be the senerio if this is a new business in FY 2016-17?
Can you further clarify the above two issues.
Profile Image

Nilesh Gami

Profile Image

Nilesh Gami (Expert)
20 June 2019 I need to give tax audit report u/s 44 ad e in the name of Proprietor or in the name of individual ? request urgent response pls.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
09 May 2026
Audit Manager

Kanna and Associates

Coimbatore

CA Inter

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
08 May 2026
CHARTERED ACCOUNTANT

SHAH LADHA AND ASSOCIATE

Ahmedabad

CA

View Details
Company
07 May 2026
CA Assistant

amit desai and co

Mumbai

CA Final

View Details
Company
12 May 2026
Accounts Executive

Nafa Group

Mumbai

B.Com

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details